vs
Automatic Data Processing（ADP）与IES Holdings, Inc.（IESC）财务数据对比。点击上方公司名可切换其他公司
Automatic Data Processing的季度营收约是IES Holdings, Inc.的6.2倍（$5.4B vs $871.0M）。Automatic Data Processing净利率更高（19.8% vs 10.5%，领先9.3%）。IES Holdings, Inc.同比增速更快（16.2% vs 6.2%）。过去两年IES Holdings, Inc.的营收复合增速更高（11.1% vs 1.0%）
ADP是总部位于美国新泽西州罗斯兰的跨国企业，为全球各行业客户提供云基人力资源管理、薪资核算处理、专业雇主组织（PEO）等领域的专业服务，是全球人力资源服务领域的知名头部供应商。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
ADP vs IESC — 直观对比
营收规模更大
ADP
是对方的6.2倍
$871.0M
营收增速更快
IESC
高出10.0%
6.2%
净利率更高
ADP
高出9.3%
10.5%
两年增速更快
IESC
近两年复合增速
1.0%
损益表 — Q2 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $5.4B | $871.0M |
| 净利润 | $1.1B | $91.8M |
| 毛利率 | 46.1% | 25.3% |
| 营业利润率 | 25.8% | 11.2% |
| 净利率 | 19.8% | 10.5% |
| 营收同比 | 6.2% | 16.2% |
| 净利润同比 | 10.3% | 59.1% |
| 每股收益（稀释后） | $2.62 | $4.51 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ADPIESC
| Q4 25 | $5.4B | $871.0M | ||
| Q3 25 | $5.2B | $897.8M | ||
| Q2 25 | $5.1B | $890.2M | ||
| Q1 25 | $5.6B | $834.0M | ||
| Q4 24 | $5.0B | $749.5M | ||
| Q3 24 | $4.8B | $775.8M | ||
| Q2 24 | $4.8B | $768.4M | ||
| Q1 24 | $5.3B | $705.7M |
净利润ADPIESC
| Q4 25 | $1.1B | $91.8M | ||
| Q3 25 | $1.0B | $102.3M | ||
| Q2 25 | $910.7M | $79.3M | ||
| Q1 25 | $1.2B | $72.6M | ||
| Q4 24 | $963.2M | $57.7M | ||
| Q3 24 | $956.3M | $65.5M | ||
| Q2 24 | $829.3M | $66.6M | ||
| Q1 24 | $1.2B | $56.8M |
毛利率ADPIESC
| Q4 25 | 46.1% | 25.3% | ||
| Q3 25 | 45.2% | 26.0% | ||
| Q2 25 | 45.1% | 26.9% | ||
| Q1 25 | 47.7% | 25.0% | ||
| Q4 24 | 45.7% | 23.8% | ||
| Q3 24 | 45.5% | 24.0% | ||
| Q2 24 | 44.8% | 25.3% | ||
| Q1 24 | 47.3% | 24.3% |
营业利润率ADPIESC
| Q4 25 | 25.8% | 11.2% | ||
| Q3 25 | 25.3% | 11.6% | ||
| Q2 25 | 23.2% | 12.6% | ||
| Q1 25 | 29.2% | 11.1% | ||
| Q4 24 | 25.0% | 10.0% | ||
| Q3 24 | 25.6% | 9.7% | ||
| Q2 24 | 22.8% | 11.7% | ||
| Q1 24 | 29.4% | 11.0% |
净利率ADPIESC
| Q4 25 | 19.8% | 10.5% | ||
| Q3 25 | 19.6% | 11.4% | ||
| Q2 25 | 17.8% | 8.9% | ||
| Q1 25 | 22.5% | 8.7% | ||
| Q4 24 | 19.1% | 7.7% | ||
| Q3 24 | 19.8% | 8.4% | ||
| Q2 24 | 17.4% | 8.7% | ||
| Q1 24 | 22.6% | 8.0% |
每股收益（稀释后）ADPIESC
| Q4 25 | $2.62 | $4.51 | ||
| Q3 25 | $2.49 | $4.99 | ||
| Q2 25 | $2.23 | $3.81 | ||
| Q1 25 | $3.06 | $3.50 | ||
| Q4 24 | $2.35 | $2.72 | ||
| Q3 24 | $2.34 | $3.06 | ||
| Q2 24 | $2.01 | $2.67 | ||
| Q1 24 | $2.88 | $2.29 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.5B | $258.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.4B | $961.1M |
| 总资产 | $84.6B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ADPIESC
| Q4 25 | $2.5B | $258.7M | ||
| Q3 25 | $7.9B | $231.8M | ||
| Q2 25 | $7.8B | $168.3M | ||
| Q1 25 | $2.7B | $88.3M | ||
| Q4 24 | $2.2B | $112.0M | ||
| Q3 24 | $7.3B | $135.8M | ||
| Q2 24 | $3.3B | $44.9M | ||
| Q1 24 | $3.3B | $106.0M |
股东权益ADPIESC
| Q4 25 | $6.4B | $961.1M | ||
| Q3 25 | $6.4B | $884.0M | ||
| Q2 25 | $6.2B | $781.4M | ||
| Q1 25 | $5.9B | $705.8M | ||
| Q4 24 | $5.1B | $652.4M | ||
| Q3 24 | $5.3B | $611.1M | ||
| Q2 24 | $4.5B | $567.5M | ||
| Q1 24 | $4.6B | $534.8M |
总资产ADPIESC
| Q4 25 | $84.6B | $1.7B | ||
| Q3 25 | $54.3B | $1.6B | ||
| Q2 25 | $53.4B | $1.5B | ||
| Q1 25 | $56.4B | $1.4B | ||
| Q4 24 | $64.1B | $1.3B | ||
| Q3 24 | $49.5B | $1.2B | ||
| Q2 24 | $54.4B | $1.2B | ||
| Q1 24 | $64.2B | $1.1B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.1B | $27.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-18.9M |
| 自由现金流率自由现金流/营收 | — | -2.2% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | 1.07× | 0.30× |
| 过去12个月自由现金流最近4个季度 | — | $175.9M |
8季度趋势，按日历期对齐
经营现金流ADPIESC
| Q4 25 | $1.1B | $27.7M | ||
| Q3 25 | $642.3M | $132.0M | ||
| Q2 25 | $1.4B | $92.0M | ||
| Q1 25 | $1.5B | $24.8M | ||
| Q4 24 | $1.2B | $37.3M | ||
| Q3 24 | $824.4M | $92.8M | ||
| Q2 24 | $1.3B | $82.9M | ||
| Q1 24 | $1.5B | $33.7M |
自由现金流ADPIESC
| Q4 25 | — | $-18.9M | ||
| Q3 25 | — | $112.0M | ||
| Q2 25 | — | $74.8M | ||
| Q1 25 | — | $7.9M | ||
| Q4 24 | — | $24.1M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | — | $65.4M | ||
| Q1 24 | — | $26.9M |
自由现金流率ADPIESC
| Q4 25 | — | -2.2% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 3.8% |
资本支出强度ADPIESC
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.0% |
现金转化率ADPIESC
| Q4 25 | 1.07× | 0.30× | ||
| Q3 25 | 0.63× | 1.29× | ||
| Q2 25 | 1.58× | 1.16× | ||
| Q1 25 | 1.22× | 0.34× | ||
| Q4 24 | 1.19× | 0.65× | ||
| Q3 24 | 0.86× | 1.42× | ||
| Q2 24 | 1.57× | 1.24× | ||
| Q1 24 | 1.26× | 0.59× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ADP
| HCM | $2.2B | 42% |
| PEO Zero Margin Benefits Pass Throughs | $1.1B | 21% |
| HRO | $979.3M | 18% |
| Global | $709.3M | 13% |
| Interest On Funds Held For Clients | $308.6M | 6% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
